Housing
The EEC is an important part in upgrading the economy of the eastern region. It also affects various businesses as well. For example, about real estate or housing prices of people in the area. with a tendency to expand their businesses to invest in this region more
Real Estate Information Center Government Housing Bank Revealed that the EEC area has played a very important role in the country’s economic development in the past period. Especially Chonburi province is considered to play a very important role because if considering the request for a license to allocate Found that the number of projects accounted for 8.3% of the country, with the number of units of about 6.8% of the country, having applied for a permit to build a horizontal area equal to 5.3% of the country, with about 5.7% of the units of the country, with the number of applications for building permits Condominium area equal to 7.1% of the country and the number of units equal to 7.1% of the country. The transfer of ownership in Chonburi area is equal to 8.2% of the country, the value is 7.4% of the country, and there are condominium units owned by foreigners. The average 3-year unit is approximately 2.9% of the total holdings are foreigners.
For the housing market direction in 2022 is expected to be a recovery period. Estimated demand or new units sold in 3 provinces, the EEC will increase by 7.3%, increasing from 20,192 units in 2021 to 21,675 units in 2022. Sales value will increase 8.6% from 60,562 million baht in 2021 to 65,774 million baht in Year 2022
On the supply side, new project launches are expected to increase by 51.9%, from 13,340 units in 2021 to 20,270 units in 2022.
While the unsold units are likely to increase by 2.0% from 60,480 units in 2021 to 61,719 units in 2022, the value has decreased -4.4% from 203,891 million baht in 2021 to 195,017 million baht in 2022. The overall absorption rate remains. at the rate of 2.5%
The highlight is that “Chonburi” will clearly recover after the market has been stagnant since 2019 and has passed its lowest point in 2021. It is expected that in 2022 there will be 12,513 new units for sale, an increase of 99.9%, valued at 44,376 million. baht, an increase of 181.2%
It is expected that there will be 13,916 new units sold, an increase of 14.8%, valued at 46,494 million baht, an increase of 18.4%. from the launch of a new project It is expected that there are 40,901 units left for sale, an increase of 11.0%, valued at 142,436 million baht.
However, the outlook for Thailand’s economy is slowly recovering from the impact of the COVID-19 and there is still government momentum on the way. So the numbers are improving. as well as the price of housing that can be sold – bought as well There is a need to buy and want to sell more appropriately.
(Reference)